Quote from: rpietila on April 25, 2015, 07:19:18 PM

It looks possible that we have abruptly come to the end of the correction Shocked

- The price point required for a 2nd Fib correction (225) was reached
- If we close at 253 or higher, there is a strong green hammer in the daily chart
- Volume is sharply up
- There is some capitulation mentality and/or trolls dancing on the table (only a little, but enough for a midmove retracement bottom).

What do you think about this, guys? Quite a surprise?

I never saw an XMR speculation thread before...

Checking out Poloniex I don't think there is much to speculate on the Monero price using TA is there?..you can see this user Warz parking a 50BTC-80BTC buy wall just below the market price, like here:

Quite interesting he bought up from .0023 then just kept moving the walls up all the way to ..00255 - this way it seems he has a lot of control on the price...

...because if people start to dump into his walls, if he doesn't budge, he can just add more walls and build a base. Or if people dump on him and he moves the walls down, the price drops and he moves the wall down the books like he has done now.

...and to pump he buys up and then moves the walls up to create a big support level like he did today.

So quite easy to predict the Monero price based on what a few whales are doing and all via Poloniex? That explains why on the price chart there are never any big movements, the whale's buy walls moving up and down are too big for lots of small users. And it suggests XMR distribution is a few mega-whales and lots of small holders, but I haven't seen any stats on what XMR distribution actually looks like?

And because 98% of Monero volume is through Poloniex (because Fluffy is trying to get HitBTC delisted from CoinMarketCap so exclude that) and Poloniex is a trollbox-based exchange it's quite easy to set the price if you have enough XMR I think...except when some other whales dump or pump and it gets messy like recently, but quite easy to predict..?